Terms of Use – New Tax Regime FY 2020-21

For the purposes of these terms, ‘we’/’us’ as used herein, refers to Vialto Partners.

This New Tax Regime is only meant to provide a basic idea of the estimated impact of the new provisions as per the Finance Act, 2020 (“New Tax Regime”). Please refer to the Income Tax Provisions for the actual provisions and eligibility. The calculations are excluding Eligible Exemptions / Deductions as per the New Tax Regime. The New Tax Regime and the output calculation is not intended to be used, and it cannot be used, for the purpose of avoiding any taxes and applicable tax penalties. The output is limited to the matters specifically addressed herein and is not intended to address other potential tax consequences or the potential application of tax penalties to this or any other matter. Further, the calculation done is for your own use only and no portion of this calculation may be distributed, published or otherwise made available to anyone else.

You may note that this New Tax Regime doesn’t capture any personal or sensitive personal data and you are advised not to share any personal or sensitive personal data while using this New Tax Regime. You may please refer to the Privacy Policy of Tax Aid in general for the purpose of handling of personal data. You acknowledge that the basic idea of output generated by this New Tax Regime is based on the information entered into the New Tax Regime by you. Accordingly, the New Tax Regime will not be able to generate indicative output if any incorrect, incomplete, insufficient, irrelevant or conflicting data is ingested into the New Tax Regime by you. You further agree that we may share the information entered in the New Tax Regime by you, or the output generated basis your information, with other Vialto Partners entities or our relevant contractors/advisers for internal purposes. You also acknowledge that we may use any such information obtained from your use of the New Tax Regime or as supplied by you, for the purposes of improving our services/products, combine your information with information of other parties in order to generate other reports and services to other parties and also use anonymous and aggregate data generated from or based on your data and/or your use of our services or New Tax Regime, for analytical and other business purposes.

In any event, you acknowledge and agree that we shall not be responsible or liable to you or anyone else for any tax liabilities which may be levied on you by any tax authorities due to any reliance placed on the output generated from this New Tax Regime for any purposes. The formulae used for the purposes of generation of output by this New Tax Regime is as per our reasonable assessment of the new provisions as per the Finance Act, 2020, which may be subject to change from time to time due to any amendments, changes or modifications in relevant Income Tax provisions, if applicable. The output generated from this New Tax Regime is provided on "as is" basis, with no guarantee or commitment of completeness, accuracy and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for any particular purpose. In no event will we, any other Vialto Partners entities, or the partners, agents, contractors or employees thereof be liable to you or anyone else in relation to your usage of New Tax Regime or any decision made or action taken in reliance on the information in or through this New Tax Regime or for any loss or corruption of data, loss of profit, goodwill, business opportunity, anticipated savings or benefits, consequential, special or similar damages, even if advised of the possibility of such damages.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE SHALL NOT BE RESPONSIBLE OR LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY ERRORS OR OMISSIONS IN THE NEW TAX REGIME; ANY INFORMATION MADE AVAILABLE THROUGH IT; ANY DECISION MADE OR ACTION TAKEN IN RELIANCE ON THE NEW TAX REGIME OR THE INFORMATION MADE AVAILABLE THROUGH IT; OR FOR ANY LOSS OR DAMAGES - INCLUDING CONSEQUENTIAL, SPECIAL OR SIMILAR DAMAGES - THAT ARISE OUT OF OR IN CONNECTION WITH YOUR USE OF THE NEW TAX REGIME OR ANY INFORMATION OR MATERIALS OBTAINED BY YOU VIA OR IN CONNECTION WITH THE NEW TAX REGIME.

You understand and agree that the New Tax Regime may be unavailable due to scheduled or emergency maintenance. We reserve the right to prevent or limit access to New Tax Regime for any security reasons, upgrades or other reasonable purposes. You shall not do any of the following with respect to New Tax Regime, including without limitation any of its related technology and databases: (i) access or use any portion thereof except for the agreed purposes (and in particular not to use or access any portion for marketing or advertising purposes); (ii) modify or create any derivative works: (iii) decompile, disassemble, reverse engineer, or otherwise attempt to derive the related source code; (iv) redistribute, encumber, sell, rent, lease, use for service bureau purposes, sublicense or otherwise transfer any related rights; or (v) remove or alter any related trademark, logo, copyright or other proprietary notices. All right, title and interest in and in relation to the New Tax Regime and any modifications or enhancements or derivative works created out of it, or any upgrades/updates/fixes etc, including without limitation all relevant information and related technology, shall remain with us and other than to the extent you are allowed to access the New Tax Regime, as set out in these terms, you shall have no rights in relation to the New Tax Regime.

You will not store, make available or transmit in or through the Solution any material which: (i) infringes any person’s intellectual property rights; (ii) is or is likely to be perceived as defamatory, threatening, misleading, offensive or inappropriate, or materially misrepresents facts; (iii) adversely affects performance or availability of the New Tax Regime (or any part thereof); (iv) contains any virus, harmful component or corrupted data; (v) contains any advertising, promotion or solicitation; or (vi) violates any applicable law or regulation.

The New Tax Regime is intended solely for use in India and we make no representation that the New Tax Regime is otherwise suitable for use outside of India.

Your use of this New Tax Regime in any manner will be construed to be deemed an acceptance of these terms by you as mentioned herein. If you are an existing paid subscriber of Tax Aid itself, then you agree that these terms for use of this New Tax Regime will supersede the terms applicable and as agreed by you for your use of Tax Aid in general. These terms and your use of the New Tax Regime will be construed and interpreted as per laws of India and any disputes relating to it shall be subject to the exclusive jurisdiction of courts in New Delhi, India, having necessary and competent jurisdiction.

BY CLICKING THE LINK BELOW YOU CERTIFY THAT YOU HAVE READ AND UNDERSTOOD THE ABOVE TERMS, AND AGREE TO BE BOUND BY ITS PROVISIONS

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